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9005 Robinson Ridge Drive Las Vegas, NV 89117

3 Beds 3 Baths 3,029 sqft Built 1991

$684,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $225.82
  • 7 Days on Market
  • MLS # : 2268454
  • Updated Date : 02/12/2021 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,029 sqft
  • Baths : 2 full , 1 half
Listing Agent

O48 Realty

Listing Agent's Description

GORGEOUS! Mediterranean/Tuscan style villa boasting incredible charm and true elegance throughout. Distinctively and centrally located in the highly coveted Opus Drive community of CANYON GATE. Courtyard Entry* Expansive Open Floor Plan* Brazilian Cherry Hardwood Flooring* 3 Fireplaces* Spacious kitchen with granite counter tops, nook and veggie sink* Built in Sub-Zero Refrigerator* Water Feature* Large master suite featuring a retreat w/ fireplace, coffee bar, 35ft. private balcony, jetted roman tub* Magnificent outdoor living space with lush landscaping and travertine pavers. Guard Gated and Country Club living at it’s best! HOA fee includes front yard maintenance.

SEE MORE

MARKET HIGHLIGHTS

  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Canyon Gate Master

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $69k362k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Canyon Gate Master

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10763795

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$615,600$752,400$684,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,376
Property Tax -$393
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$194

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$684,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 3.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,010

INVESTMENT

$187,010

Down Payment
$171,000
Rehab Estimate
$5,750
Closing Costs
$10,260

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,376

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,000
Loan Amount $513,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$29,359

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,780

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,469

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,099
1$2,0992$2,3753$2,4504$2,7805$2,800
$2,800
RENT COMPS ANALYSIS
  • 9005 Robinson Ridge Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 3,029 Sqft ∙ Built 1991 3 beds 3 baths ∙ 3,029 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.92
    •  
  • 1445 Castle Crest Drive Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1993
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.73
    •  
  • 1400 Sun Copper Drive Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,994 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,994 Sqft ∙ Built 1992
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.79
    •  
  • 9616 Spanish Steps Lane Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,863 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,863 Sqft ∙ Built 1994
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
  • 9424 Greenham Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 1991
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Xhevahire Bilali
1.702.461.3341
O48 Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268454
Last Updated: 02/12/2021
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